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ZFX

United Kingdom|5-10 years| Benchmark AA|
Straight Through Processing(STP)|MT4 Full License|Regional Brokers|

https://app.zfx.link/FMJJ76

Website

Rating Index

Benchmark

Benchmark

AA

Average transaction speed (ms)

537.1

MT4/5

Full License

ZealCapitalMarketSC-Demo

United Kingdom
MT4
50

Influence

B

Influence index NO.1

Thailand 6.91

Benchmark

Speed:A

Slippage:A

Cost:A

Disconnected:AAA

Rollover:AA

MT4/5 Identification

MT4/5 Identification

Full License

50
Server Name
ZealCapitalMarketSC-Demo MT4
Server Location United Kingdom

Influence

Influence

B

Influence index NO.1

Thailand 6.91

Surpassed 68.40% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 (0)2071579968
support@zfx.co.uk
https://app.zfx.link/FMJJ76
No. 1 Royal Exchange, London, EC3V 3DG, United Kingdom
  • 100% Mediation in the complaints

    Response of EMC during7working days

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 (0)2071579968

Traditional Chinese(HK)

+44(0)2071579968

Other ways of contact

Broker Information

More

Company Name

Zeal Capital Market Limited

Abbreviation

ZFX

Platform registered country and region

United Kingdom

Company website
Twitter
Facebook
Instagram
Linkedin

Pyramid scheme complaint

Expose

ZFX Basic Information
Registered Country/Region London, UK
Founded in 2010
Regulations FCA, FSA
Tradable Assets Forex, commodities, indices, stocks
Platforms MetaTrader 4, mobile trading app
Minimum Deposit $50
Demo Account Available
Islamic Account Available
Leverage Up to 1:2000
Spreads From 0.0 pips
Commission No commission on most accounts
Platforms MetaTrader 4, ZFX Trader, mobile trading app
Payment Methods Credit/debit cards, bank transfer, e-wallets
Customer Support 24/5 live chat, email support, phone support, social media support
Education Video tutorials, eBooks, webinars, market analysis

Overview of ZFX

ZFX is a forex and CFD broker founded in 2010 and headquartered in the United Kingdom. ZFX offers variety of trading instruments, including Forex currency pairs, commodities, indices, and cryptocurrencies, on the popular trading platforms, MetaTrader 4 and MetaTrader 5.

ZFX offers three types of accounts, including Mini, Standard, and ECN accounts. The minimum deposit required to open a Mini account is $50, standard accouunt at $200, while the minimum deposit required for an ECN account is $2000. All account types offer variable spreads and leverage varying from 1:500 to 1:2000.

ZFX provides a variety of deposit and withdrawal options, including bank wire transfers, credit/debit cards, and e-wallets such as Skrill, Neteller, and WebMoney. The broker does not charge any fees for deposits or withdrawals, although traders may need to pay transaction fees charged by their payment provider.

basic-info

Is ZFX legit or a scam?

ZFX is a regulated broker. Its company name is Zeal Capital Market (UK) Limited, and it is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom under the registration number 758318. The FCA is one of the most reputable regulatory bodies in the world, and its strict regulations ensure that ZFX adheres to high standards of transparency and fairness.

Additionally, ZFX is also registered with the Financial Services Compensation Scheme (FSCS), which protects client funds up to £85,000 in case of the company's insolvency. This means that traders can have peace of mind knowing that their funds are safe with ZFX.

regulation

ZFX's other entity, Zeal Capital Market (Seychelles) Limited, is authorized and regulated by the Seychelles Financial Services Authority (FSA) under regulatory license number: SD027.

regulation

Pros and Cons of ZFX

ZFX is a broker that offers several advantages and disadvantages to traders. On the positive side, ZFX is a regulated broker, offering a variety of trading instruments, including Forex, commodities, and indices, and provides traders with access to the popular MetaTrader 4 trading platform. In addition, ZFX offers competitive spreads and commissions, with no hidden fees or charges.

On the negative side, ZFX does not provide traders with a demo account option, which may be a disadvantage for beginner traders who want to practice their trading strategies before trading with real money. Another disadvantage is that ZFX charges a high minimum deposit requirement, which may not be affordable for some traders. Additionally, ZFX does not offer any educational resources or tools to help traders improve their skills and knowledge.

Pros Cons
Regulated by the FCA Limited range of trading instruments
Multiple account types available No social trading or copy trading features
Commission-free trading on most account types Limited educational resources and research tools
Low minimum deposit requirement for the Mini Account Limited customer support options
Wide range of funding options No cryptocurrency trading
Negative balance protection No MT5 platform available
MT4 and proprietary trading platform supported Limited market analysis and insights
Access to advanced trading tools and features No Islamic account option for Muslim traders

Market Intruments

ZFX is a forex and CFD broker that offers a wide range of trading instruments to its clients. The broker offers a diverse range of tradable assets, including major, minor and exotic currency pairs, precious metals, indices, and commodities, index and stocks. While the broker does not offer cryptocurrencies, it does provide a substantial number of instruments in other categories, which traders can take advantage of.

ZFX's platform allows traders to trade the most popular and liquid assets in the market, including popular forex pairs like EUR/USD and USD/JPY, as well as commodities such as gold and oil. This allows traders to take advantage of different market conditions and adjust their trading strategies to suit the market environment.

market-instruments
Pros Cons
Wide range of trading instruments including forex, metals, indices, and commodities No cryptocurrency trading options
Availability of MT4 trading platform Limited number of trading instruments compared to some other brokers
Access to multiple liquidity providers
Commission-free trading on most instruments

Account Types

ZFX offers three types of trading accounts, namely Mini, Standard, and ECN accounts. Each account has its own unique features and advantages, catering to different levels of traders with varying trading styles and preferences.

  • Mini Account:The Mini account is designed for beginner traders who are new to the forex market. It requires a minimum deposit of $50 and offers the minimum FX spreads starting from 1.5 pips. The leverage is up to 1:2000, and the minimum trading size is 0.01 lots. The Mini account allows traders to trade in 32 currency pairs, gold, and silver.

  • Standard Account:The Standard account is designed for experienced traders who require a more comprehensive trading environment. It requires a minimum deposit of $200 and offers floating spreads starting from 1.3 pips. The leverage is up to 1:500, and the minimum trading size is 0.1 lots. The Standard account allows traders to trade in 49 currency pairs, gold, silver, and crude oil.

  • ECN Account:The ECN account is designed for professional traders who require direct access to liquidity providers. It requires a minimum deposit of $2000 and offers spreads starting from 0.2 pips (commission may apply). The leverage is up to 1:500, and the minimum trading size is 0.1 lots. The ECN account allows traders to trade in 49 currency pairs, gold, silver, and crude oil.

account-types
account-types
account-types
account-types
Pros Cons
Variety of account types to choose from Limited features in the Mini account
Low minimum deposit requirement for the Mini account High minimum deposit requirement for the ECN account
Commission-free trading in the Standard and Mini accounts Commission charges in the ECN account
Access to high leverage for all account types Limited trading instruments in the Mini account
No Islamic account option available

How to open an account?

Opening an account with ZFX is a simple and straightforward process that can be completed in just a few steps.

  • First, navigate to the ZFX website and click on the “Open Account” button.

open-account
  • You will then be prompted to fill out a registration form with your personal information, including your name, email address, phone number, and country of residence.

  • Next, you will need to choose the account type that best suits your needs, whether it be a Mini, Standard, or ECN account. Each account type has its own minimum deposit requirement, so be sure to check the details carefully before making your selection.

  • Once you have completed the registration form and selected your account type, you will need to provide some additional documentation to verify your identity and address.This typically includes a copy of your passport or national ID card, as well as a recent utility bill or bank statement. Once your account has been approved, you will be able to fund it and start trading in the financial markets.

Leverage

The maximum leverage offered by ZFX is up to 1:2000 and the leverage amount may vary depending on the account type and trading instrument. Additionally, ZFX operates on a tiered margin system, where the leverage is determined based on account equity. For accounts with equity between $0 and $3,000, the maximum leverage is 1:200.For equity between $3,001 and $10,000, the maximum leverage is 1:1000.

Please note that high leverage carries a high level of risk, as it amplifies both potential profits and losses. Traders should carefully consider their risk tolerance and financial situation before utilizing high leverage ratios. ZFX also provides negative balance protection to help mitigate the risk of account balances falling below zero.

leverage

Spreads & Commissions (Trading Fees)

ZFX says it offers competitive spreads and commissions on its trading instruments, which vary depending on the account type and market conditions. The broker operates on a variable spread model, meaning that the spread can widen or narrow based on the volatility of the markets.

For the MINI account, the minimum spread for forex pairs is 1.5 pips, with no commission charged per lot. The STANDARD account has a minimum spread of 1.3 pips for forex pairs, with no commission charged per lot. The ECN account has a minimum spread of 0.0 pips for forex pairs, but a commission of $7 per lot is charged.

Non-Trading Fees

ZFX does not charge any fees for deposits and withdrawals, but third-party fees such as bank wire transfer fees may apply. There are no account inactivity fees or fees for using the trading platform. However, ZFX does charge a swap fee for positions held overnight, which is a common practice in the forex industry.

ZFX also offers a VPS (Virtual Private Server) hosting service for traders who wish to use algorithmic trading strategies. The VPS service is free for traders who maintain a minimum balance of $2,000 in their trading account or have traded at least 20 standard lots in the previous month. Otherwise, a monthly fee is charged for the VPS service.

Trading Platform

ZFX offers the popular trading platform MetaTrader 4 (MT4), which is widely recognized in the forex industry for its user-friendly interface and advanced trading tools. MT4 provides access to various order types, technical analysis tools, and customization options, making it suitable for both novice and experienced traders. In addition, ZFX offers mobile versions of the MT4 platform for both iOS and Android devices, enabling traders to access the markets from anywhere, at any time.

trading-platform

Deposit & Withdrawal

ZFX offers a variety of deposit and withdrawal options to their clients. Deposits can be made using bank transfers, credit/debit cards, and e-wallets such as Skrill, Neteller, and Perfect Money. The minimum deposit amount is $50 for Mini and Standard accounts, and $500 for ECN accounts.

Withdrawals can be made using the same methods used for deposits, with the exception of credit cards. ZFX does not allow withdrawals to credit cards due to the limitations imposed by card issuers. The minimum withdrawal amount is $10 for e-wallets and $100 for bank transfers. Withdrawals are typically processed within 24 hours, but the time it takes for the funds to reach the client's account may vary depending on the withdrawal method and the client's bank.

Pros Cons
Supports multiple deposit and withdrawal methods, including bank transfer, credit/debit cards, and e-wallets such as Skrill and Neteller Limited number of supported currencies for deposits and withdrawals
Fast and efficient withdrawal processing times, with most requests processed within 24 hours Withdrawal fees may be charged depending on the chosen method
No deposit fees charged by the broker Minimum deposit and withdrawal amounts may be relatively high for some traders
User-friendly deposit and withdrawal interface through the ZFX client portal Deposit and withdrawal processing times may vary depending on the chosen method and location of the trader

Customer Support

ZFX offers customer support through several channels, including email, phone, live chat, and social media platforms. The support team is available 24/5 to assist traders with any issues they may encounter. In addition, the broker provides an extensive FAQ section on their website, which covers a range of topics, including account opening, funding, and trading.

ZFX 's customer support is available in several languages, including English, Chinese, Thai, Vietnamese, and Indonesian. This is particularly useful for traders who are not fluent in English and prefer to communicate in their native language.

Pros Cons
Multiple channels for support (live chat, email, phone) No 24/7 customer support
Multilingual support No physical office in some countries, which may make it difficult for some traders to reach the company
An FAQ section on the website

Educational Resources

ZFX provides a range of educational resources to help traders improve their knowledge and skills in trading. These resources include articles, tutorials, videos, and webinars. ZFX also provides a demo account for new traders to practice trading without risking real money.

The articles and tutorials cover various topics such as technical analysis, fundamental analysis, trading strategies, risk management, and trading psychology. The videos are mainly tutorials on how to use the trading platform and some trading strategies.

ZFX also conducts webinars regularly with industry experts to provide traders with more in-depth knowledge about trading. The webinars cover a wide range of topics such as market analysis, trading strategies, and risk management.

Pros Cons
Comprehensive educational resources No live trading sessions or mentorship
Demo account for practice
Regularly conducted webinars
Suitable for traders of different levels

Conclusion

Overall, ZFX is a reputable option for traders looking to access the financial markets. The broker's maximum trading leverage of 1:2000, based on account equity, is one of the highest in the industry and can provide traders with significant opportunities for profit. Additionally, the absence of non-trading fees, competitive spreads, and commissions, and a choice of two popular trading platforms further strengthen ZFX's position as a reliable broker.

However, ZFX's limited educational resources may be a drawback for traders seeking to improve their knowledge and skills. While the broker offers some market analysis and trading tools, more comprehensive educational resources, such as webinars, courses, or tutorials, are not readily available. Moreover, while the broker's customer support team is responsive and available 24/5, the absence of phone support may be an inconvenience for some traders.

FAQs

  • Q: Is ZFX a regulated broker?

    A: Yes, ZFX is a regulated broker. It is authorized and regulated by the Financial Conduct Authority (FCA) in the UK, and the Seychelles Financial Services Authority (FSA).

  • Q: What account types does ZFX offer?

    A: ZFX offers three types of accounts: Mini, Standard, and ECN. Each account type comes with different features and trading conditions that cater to the needs of different types of traders.

  • Q: What is the maximum leverage offered by ZFX?

    A: The maximum leverage offered by ZFX is up to 1:2000, depending on the equity of the trader's account.

  • Q: What trading platforms does ZFX offer?

    A: ZFX offers two trading platforms: MetaTrader 4 (MT4) and ZFX Trader. Both platforms are widely used in the industry and offer advanced charting tools, technical analysis indicators, and automated trading options.

  • Q: What are the deposit and withdrawal methods supported by ZFX?

A: ZFX supports various deposit and withdrawal methods, including bank transfer, credit/debit cards, and e-wallets such as Skrill and Neteller.

  • Q: Does ZFX charge any commissions or fees?

A: ZFX charges low commissions on its ECN account type, while its other account types do not charge any commissions. Additionally, ZFX does not charge any deposit or withdrawal fees, but there may be fees charged by the payment service provider.

  • Q: Does ZFX offer educational resources?

    A: Yes, ZFX offers educational resources such as trading guides, video tutorials, and webinars to help traders improve their skills and knowledge.

  • Q: What is the customer support offered by ZFX?

    A: ZFX offers 24/5 customer support through various channels, including live chat, email, and phone. Additionally, the broker provides multilingual support to cater to traders from different regions.

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WikiFX Verification

ZFX · WikiFX Survey
Good A Visit to ZFX in Seychelles -- Office Confirmed Existed
Seychelles
ZFX · Benchmark
Average transaction speed(ms)
537.1
The highest transaction speed(ms)
78 Great
The highest speed of opening positions(ms)
78 Great
The highest speed of closing position(ms)
281
The lowest speed of opening positions(ms)
1906
The lowest speed of closing position(ms)
1970
12.29USD/Lot Great
32.47USD/Lot Good
Long: -6.17USD/Lot    Short: 2.26USD/Lot Good
Long: -27.82USD/Lot    Short: 14.47USD/Lot
Average slippage
0.1
Maximum transaction slippage
17
Maximum positive slippage
-1 Good
Maximum negative slippage
17 Good
Average disconnection frequency (times/day)
0.4 Perfect
Average reconnection time (millisecond/per request)
164.8
Ranking: 49 / 133
Test user 2,537
Orders 42,140
Ocuppied margin $17,168,432 USD
Data Source WikiFX Data provide
Updated: 2024-07-12 01:00:00

Total Margin Trend

  • VPS Region
  • User
  • Products
  • Closing time
  • Taipei
  • 659***
  • XAUUSD
  • 07-10 19:27:05
  • BeiJing
  • 971***
  • XAUUSD
  • 07-11 04:12:12
  • Bangkok
  • 458***
  • XAUUSD
  • 07-12 18:59:15

Stop Out

0.76%

Stop Out Symbol Distribution

6 months

Sources
Language
Mkt. Analysis
Creatives

ZFX · Company Summary

ZFX Basic Information
Registered Country/Region London, UK
Founded in 2010
Regulations FCA, FSA
Tradable Assets Forex, commodities, indices, stocks
Platforms MetaTrader 4, mobile trading app
Minimum Deposit $50
Demo Account Available
Islamic Account Available
Leverage Up to 1:2000
Spreads From 0.0 pips
Commission No commission on most accounts
Platforms MetaTrader 4, ZFX Trader, mobile trading app
Payment Methods Credit/debit cards, bank transfer, e-wallets
Customer Support 24/5 live chat, email support, phone support, social media support
Education Video tutorials, eBooks, webinars, market analysis

Overview of ZFX

ZFX is a forex and CFD broker founded in 2010 and headquartered in the United Kingdom. ZFX offers variety of trading instruments, including Forex currency pairs, commodities, indices, and cryptocurrencies, on the popular trading platforms, MetaTrader 4 and MetaTrader 5.

ZFX offers three types of accounts, including Mini, Standard, and ECN accounts. The minimum deposit required to open a Mini account is $50, standard accouunt at $200, while the minimum deposit required for an ECN account is $2000. All account types offer variable spreads and leverage varying from 1:500 to 1:2000.

ZFX provides a variety of deposit and withdrawal options, including bank wire transfers, credit/debit cards, and e-wallets such as Skrill, Neteller, and WebMoney. The broker does not charge any fees for deposits or withdrawals, although traders may need to pay transaction fees charged by their payment provider.

basic-info

Is ZFX legit or a scam?

ZFX is a regulated broker. Its company name is Zeal Capital Market (UK) Limited, and it is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom under the registration number 758318. The FCA is one of the most reputable regulatory bodies in the world, and its strict regulations ensure that ZFX adheres to high standards of transparency and fairness.

Additionally, ZFX is also registered with the Financial Services Compensation Scheme (FSCS), which protects client funds up to £85,000 in case of the company's insolvency. This means that traders can have peace of mind knowing that their funds are safe with ZFX.

regulation

ZFX's other entity, Zeal Capital Market (Seychelles) Limited, is authorized and regulated by the Seychelles Financial Services Authority (FSA) under regulatory license number: SD027.

regulation

Pros and Cons of ZFX

ZFX is a broker that offers several advantages and disadvantages to traders. On the positive side, ZFX is a regulated broker, offering a variety of trading instruments, including Forex, commodities, and indices, and provides traders with access to the popular MetaTrader 4 trading platform. In addition, ZFX offers competitive spreads and commissions, with no hidden fees or charges.

On the negative side, ZFX does not provide traders with a demo account option, which may be a disadvantage for beginner traders who want to practice their trading strategies before trading with real money. Another disadvantage is that ZFX charges a high minimum deposit requirement, which may not be affordable for some traders. Additionally, ZFX does not offer any educational resources or tools to help traders improve their skills and knowledge.

Pros Cons
Regulated by the FCA Limited range of trading instruments
Multiple account types available No social trading or copy trading features
Commission-free trading on most account types Limited educational resources and research tools
Low minimum deposit requirement for the Mini Account Limited customer support options
Wide range of funding options No cryptocurrency trading
Negative balance protection No MT5 platform available
MT4 and proprietary trading platform supported Limited market analysis and insights
Access to advanced trading tools and features No Islamic account option for Muslim traders

Market Intruments

ZFX is a forex and CFD broker that offers a wide range of trading instruments to its clients. The broker offers a diverse range of tradable assets, including major, minor and exotic currency pairs, precious metals, indices, and commodities, index and stocks. While the broker does not offer cryptocurrencies, it does provide a substantial number of instruments in other categories, which traders can take advantage of.

ZFX's platform allows traders to trade the most popular and liquid assets in the market, including popular forex pairs like EUR/USD and USD/JPY, as well as commodities such as gold and oil. This allows traders to take advantage of different market conditions and adjust their trading strategies to suit the market environment.

market-instruments
Pros Cons
Wide range of trading instruments including forex, metals, indices, and commodities No cryptocurrency trading options
Availability of MT4 trading platform Limited number of trading instruments compared to some other brokers
Access to multiple liquidity providers
Commission-free trading on most instruments

Account Types

ZFX offers three types of trading accounts, namely Mini, Standard, and ECN accounts. Each account has its own unique features and advantages, catering to different levels of traders with varying trading styles and preferences.

  • Mini Account:The Mini account is designed for beginner traders who are new to the forex market. It requires a minimum deposit of $50 and offers the minimum FX spreads starting from 1.5 pips. The leverage is up to 1:2000, and the minimum trading size is 0.01 lots. The Mini account allows traders to trade in 32 currency pairs, gold, and silver.

  • Standard Account:The Standard account is designed for experienced traders who require a more comprehensive trading environment. It requires a minimum deposit of $200 and offers floating spreads starting from 1.3 pips. The leverage is up to 1:500, and the minimum trading size is 0.1 lots. The Standard account allows traders to trade in 49 currency pairs, gold, silver, and crude oil.

  • ECN Account:The ECN account is designed for professional traders who require direct access to liquidity providers. It requires a minimum deposit of $2000 and offers spreads starting from 0.2 pips (commission may apply). The leverage is up to 1:500, and the minimum trading size is 0.1 lots. The ECN account allows traders to trade in 49 currency pairs, gold, silver, and crude oil.

account-types
account-types
account-types
account-types
Pros Cons
Variety of account types to choose from Limited features in the Mini account
Low minimum deposit requirement for the Mini account High minimum deposit requirement for the ECN account
Commission-free trading in the Standard and Mini accounts Commission charges in the ECN account
Access to high leverage for all account types Limited trading instruments in the Mini account
No Islamic account option available

How to open an account?

Opening an account with ZFX is a simple and straightforward process that can be completed in just a few steps.

  • First, navigate to the ZFX website and click on the “Open Account” button.

open-account
  • You will then be prompted to fill out a registration form with your personal information, including your name, email address, phone number, and country of residence.

  • Next, you will need to choose the account type that best suits your needs, whether it be a Mini, Standard, or ECN account. Each account type has its own minimum deposit requirement, so be sure to check the details carefully before making your selection.

  • Once you have completed the registration form and selected your account type, you will need to provide some additional documentation to verify your identity and address.This typically includes a copy of your passport or national ID card, as well as a recent utility bill or bank statement. Once your account has been approved, you will be able to fund it and start trading in the financial markets.

Leverage

The maximum leverage offered by ZFX is up to 1:2000 and the leverage amount may vary depending on the account type and trading instrument. Additionally, ZFX operates on a tiered margin system, where the leverage is determined based on account equity. For accounts with equity between $0 and $3,000, the maximum leverage is 1:200.For equity between $3,001 and $10,000, the maximum leverage is 1:1000.

Please note that high leverage carries a high level of risk, as it amplifies both potential profits and losses. Traders should carefully consider their risk tolerance and financial situation before utilizing high leverage ratios. ZFX also provides negative balance protection to help mitigate the risk of account balances falling below zero.

leverage

Spreads & Commissions (Trading Fees)

ZFX says it offers competitive spreads and commissions on its trading instruments, which vary depending on the account type and market conditions. The broker operates on a variable spread model, meaning that the spread can widen or narrow based on the volatility of the markets.

For the MINI account, the minimum spread for forex pairs is 1.5 pips, with no commission charged per lot. The STANDARD account has a minimum spread of 1.3 pips for forex pairs, with no commission charged per lot. The ECN account has a minimum spread of 0.0 pips for forex pairs, but a commission of $7 per lot is charged.

Non-Trading Fees

ZFX does not charge any fees for deposits and withdrawals, but third-party fees such as bank wire transfer fees may apply. There are no account inactivity fees or fees for using the trading platform. However, ZFX does charge a swap fee for positions held overnight, which is a common practice in the forex industry.

ZFX also offers a VPS (Virtual Private Server) hosting service for traders who wish to use algorithmic trading strategies. The VPS service is free for traders who maintain a minimum balance of $2,000 in their trading account or have traded at least 20 standard lots in the previous month. Otherwise, a monthly fee is charged for the VPS service.

Trading Platform

ZFX offers the popular trading platform MetaTrader 4 (MT4), which is widely recognized in the forex industry for its user-friendly interface and advanced trading tools. MT4 provides access to various order types, technical analysis tools, and customization options, making it suitable for both novice and experienced traders. In addition, ZFX offers mobile versions of the MT4 platform for both iOS and Android devices, enabling traders to access the markets from anywhere, at any time.

trading-platform

Deposit & Withdrawal

ZFX offers a variety of deposit and withdrawal options to their clients. Deposits can be made using bank transfers, credit/debit cards, and e-wallets such as Skrill, Neteller, and Perfect Money. The minimum deposit amount is $50 for Mini and Standard accounts, and $500 for ECN accounts.

Withdrawals can be made using the same methods used for deposits, with the exception of credit cards. ZFX does not allow withdrawals to credit cards due to the limitations imposed by card issuers. The minimum withdrawal amount is $10 for e-wallets and $100 for bank transfers. Withdrawals are typically processed within 24 hours, but the time it takes for the funds to reach the client's account may vary depending on the withdrawal method and the client's bank.

Pros Cons
Supports multiple deposit and withdrawal methods, including bank transfer, credit/debit cards, and e-wallets such as Skrill and Neteller Limited number of supported currencies for deposits and withdrawals
Fast and efficient withdrawal processing times, with most requests processed within 24 hours Withdrawal fees may be charged depending on the chosen method
No deposit fees charged by the broker Minimum deposit and withdrawal amounts may be relatively high for some traders
User-friendly deposit and withdrawal interface through the ZFX client portal Deposit and withdrawal processing times may vary depending on the chosen method and location of the trader

Customer Support

ZFX offers customer support through several channels, including email, phone, live chat, and social media platforms. The support team is available 24/5 to assist traders with any issues they may encounter. In addition, the broker provides an extensive FAQ section on their website, which covers a range of topics, including account opening, funding, and trading.

ZFX 's customer support is available in several languages, including English, Chinese, Thai, Vietnamese, and Indonesian. This is particularly useful for traders who are not fluent in English and prefer to communicate in their native language.

Pros Cons
Multiple channels for support (live chat, email, phone) No 24/7 customer support
Multilingual support No physical office in some countries, which may make it difficult for some traders to reach the company
An FAQ section on the website

Educational Resources

ZFX provides a range of educational resources to help traders improve their knowledge and skills in trading. These resources include articles, tutorials, videos, and webinars. ZFX also provides a demo account for new traders to practice trading without risking real money.

The articles and tutorials cover various topics such as technical analysis, fundamental analysis, trading strategies, risk management, and trading psychology. The videos are mainly tutorials on how to use the trading platform and some trading strategies.

ZFX also conducts webinars regularly with industry experts to provide traders with more in-depth knowledge about trading. The webinars cover a wide range of topics such as market analysis, trading strategies, and risk management.

Pros Cons
Comprehensive educational resources No live trading sessions or mentorship
Demo account for practice
Regularly conducted webinars
Suitable for traders of different levels

Conclusion

Overall, ZFX is a reputable option for traders looking to access the financial markets. The broker's maximum trading leverage of 1:2000, based on account equity, is one of the highest in the industry and can provide traders with significant opportunities for profit. Additionally, the absence of non-trading fees, competitive spreads, and commissions, and a choice of two popular trading platforms further strengthen ZFX's position as a reliable broker.

However, ZFX's limited educational resources may be a drawback for traders seeking to improve their knowledge and skills. While the broker offers some market analysis and trading tools, more comprehensive educational resources, such as webinars, courses, or tutorials, are not readily available. Moreover, while the broker's customer support team is responsive and available 24/5, the absence of phone support may be an inconvenience for some traders.

FAQs

  • Q: Is ZFX a regulated broker?

    A: Yes, ZFX is a regulated broker. It is authorized and regulated by the Financial Conduct Authority (FCA) in the UK, and the Seychelles Financial Services Authority (FSA).

  • Q: What account types does ZFX offer?

    A: ZFX offers three types of accounts: Mini, Standard, and ECN. Each account type comes with different features and trading conditions that cater to the needs of different types of traders.

  • Q: What is the maximum leverage offered by ZFX?

    A: The maximum leverage offered by ZFX is up to 1:2000, depending on the equity of the trader's account.

  • Q: What trading platforms does ZFX offer?

    A: ZFX offers two trading platforms: MetaTrader 4 (MT4) and ZFX Trader. Both platforms are widely used in the industry and offer advanced charting tools, technical analysis indicators, and automated trading options.

  • Q: What are the deposit and withdrawal methods supported by ZFX?

A: ZFX supports various deposit and withdrawal methods, including bank transfer, credit/debit cards, and e-wallets such as Skrill and Neteller.

  • Q: Does ZFX charge any commissions or fees?

A: ZFX charges low commissions on its ECN account type, while its other account types do not charge any commissions. Additionally, ZFX does not charge any deposit or withdrawal fees, but there may be fees charged by the payment service provider.

  • Q: Does ZFX offer educational resources?

    A: Yes, ZFX offers educational resources such as trading guides, video tutorials, and webinars to help traders improve their skills and knowledge.

  • Q: What is the customer support offered by ZFX?

    A: ZFX offers 24/5 customer support through various channels, including live chat, email, and phone. Additionally, the broker provides multilingual support to cater to traders from different regions.

News

WikiFX Broker Assessment Series | Is ZFX Reliable?

NewsWikiFX Broker Assessment Series | Is ZFX Reliable?

2024-04-15 15:22

In this article, we will look in-depth at ZFX, examining its key features.

WikiFX
2024-04-15 15:22
News
WikiFX Broker Assessment Series | Is ZFX Reliable?
Is ZFX safe to trade?

NewsIs ZFX safe to trade?

2024-02-27 20:04

Zeal Group of companies (collectively Zeal Group) is a business portfolio comprising regulated financial institutions (trading as ZFX) and fintech companies. Founded by a group of veteran traders with decades-long experience in the industry who not only share an appreciation for the complexity the world of financial trading itself may present but also have the expertise and commitment to change.

WikiFX
2024-02-27 20:04
News
Is ZFX safe to trade?
'Too costly, too much paperwork' - What if an FX bank account was free of these issues?

News'Too costly, too much paperwork' - What if an FX bank account was free of these issues?

2022-06-04 12:30

According to a recent poll conducted by News24, 83 percent of adult respondents do not have a forex bank account, but 89 percent would acquire one if it was quick, convenient, and cost-effective.

WikiFX
2022-06-04 12:30
News
'Too costly, too much paperwork' - What if an FX bank account was free of these issues?
About ZFX

NewsAbout ZFX

2021-12-11 21:12

Zeal Capital Market (UK) Limited is a wholly owned subsidiary of Zeal Holdings Limited, the holding company of Zeal group of companies (collectively Zeal Group), a business portfolio comprising regulated financial institutions and fintech companies specializing in multi-asset liquidity solutions in regulated markets backed by proprietary technology, with a presence in all major global locations.

WikiFX
2021-12-11 21:12
News
About ZFX
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